The appointment of a director who is a resident or citizen of China to a company's board of directors typically involves several steps and considerations, depending on the jurisdiction and the specific company's requirements including DIN Clearance from MHA.
As per the Companies (Appointment and Qualification of Directors) Rules, 2014, individuals who are citizens of the aforementioned neighboring countries require approval from the Ministry of Home Affairs (MHA) before they can obtain a DIN and become directors in Indian companies.
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Can shares be issued for consideration other than cash to foreigners under FEMA?
Consideration would be advisory services.
Hello, fellow forum members! I'm considering getting a label maker to help me organize my home and office. Can anyone recommend a reliable brand or model? I'm looking for ease of use and durable labels. Your recommendations and experiences with label makers would be greatly appreciated!
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Hello, fellow forum members! I'm considering getting a label maker to help me organize my home and office. Can anyone recommend a reliable brand or model? I'm looking for ease of use and durable labels. Your recommendations and experiences with label makers would be greatly appreciated!
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label
getting
considering
Hello Everyone
If the company was incorporated in March 2023 in Canada by an Individual resident of India, due to non-approval of ODI, no remittance is yet made.
Please advise whether that resident individual needs to file his FLA due in July.
Should deferred tax be taken into consideration when reporting profit and loss figures before and after tax in the FLA return?
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Can board resolutions be passed outside of a board meeting?
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Can a company provide loans or guarantees to entities outside its group under the Companies Act 2013?
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Objection raised by CRC- All the documents of the foreign company / director / subscriber / authorized representative executed outside India are required to be duly notarized / apostillised / authenticated by a diplomatic or consular officer, as applicable, as per Rule 13(5) of Companies (Incorporation) Rules, 2014.
But in our case where one subscriber is NRI and another id Indian Resident, E-MOA & AOA needs to be file , so how to execute both type of MOA & AOA Physical as well as Web based ?
Please suggest-
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Hello All
Want to know that if all the Resident shareholders transfer holdings to one foreign entity and in attachment of form FCTRS in pre-post shareholding if we shows two nominee shareholder of foreign body corporate also show the nominee shareholder in share purchase agreement and we have filed form FCTRS,
Please share the criteria to check or determine the place of change for the purpose of section 12 of the Companies act 2013 that is within local limit or outside local limit, where BM Approval is required or Shareholders Approval under section 13 for the change of Address ?
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Hi Everyone!
What is the method of payment and remittance/ credit of sale proceeds in case of transfer of shares between resident and non-resident?
